unemployment, and negative growth forecasting errors in a panel of 30 countries from 1960 to 2012. Consistent with the "credit …

of key variables-potential GDP, the natural rate of unemployment, and the equilibrium real interest rate, need to solve a … them. Further, low-frequency movements of unemployment suggest a failure of the basic idea that departures from the …-frequency movements of unemployment. I conclude that monetary policymakers should not try to discern neutral values of real variables …

response to demand and productivity shifts. Unemployment is sustained because the marginal value of labor is not equated across … transactions cost-mobility constraints. Contracts provide full unemployment insurance for risks that are diversifiable by pooling … atheory of consumption rigidity rather than wage rigidity. Another empirical implication is that unemployment incidence is …

unemployment rate, to decreases (increases) in per capita real GDP and to decreases (increases) in the police force. The same … result is obtained between unemployment and property crime in annual state-level panel data. These results suggest that it …

This paper draws on household survey data from countries of all income levels to measure how average unemployment rates … vary with income per capita. We document that unemployment is increasing with GDP per capita. Furthermore, we show that … this fact is accounted for almost entirely by low-educated workers, whose unemployment rates are strongly increasing in GDP …

This paper explores the interaction between fiscal policy and unemployment. It develops a dynamic economic model in … which unemployment can arise but can be mitigated by tax cuts and public spending increases. Such policies are fiscally … determination of fiscal policy and unemployment in long run equilibrium. Outcomes with both a benevolent government and political …

a link between stock volatility and real economic activity, such as unemployment rates, it can be misleading …

model labor market frictions and unemployment explicitly. The present paper describes some of the essential ingredients and …